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  1. business
  2. accounting
  3. in its closing financial statements for its first

In its closing financial statements for its first year in business, ABC Enterprises, had cash...

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Accounting

In its closing financial statements for its first year in business, ABC Enterprises, had cash of $252, accounts receivable of $840, inventory of $830, net fixed assets of $3,428, accounts payable of $720, short-term notes payable of $760, long-term liabilities of $1,100, common stock of $1,160, retained earnings of $1,620, net sales of $2,768, cost of goods sold of $1,210, depreciation of $160, other operating expenses of $200, interest expense of $160, taxes of $312, addition to retained earnings of $508, and dividends paid of $218.

Calculate the following ratios: Return on equity Return on total assets Net profit margin Gross profit margin Sales to asset ration Current Ratio Total-debt-total-asset ratio Debt-to-equity ratio Equity multiplier Interest coverage ratio

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